The purpose of this blog is to track 20 common stocks for a full year. The idea is to beat the S & P 500 like a mutual fund without the very high churn rate. These stocks will be held in a portfolio until next December 31.

Tuesday, April 10, 2012

When is a CEO not a CEO

I was going to write today about Brian Dunn, CEO of Best Buy jumping from a sinking ship like a stoned Italian cruise ship captain.  My thought was that when a company is in trouble the CEO hangs in there until he is  shown the door and then is kind enough to show his replacement where the light switches are. Best Buy is dying and he quits...

"It's good news that he's gone," said Brian Sozzi, chief equities analyst at NBG Productions, an independent research firm. "But this adds another layer of uncertainty."

This article reviles that it probably was more than that.  Maybe Larry Ellison will hire him too.

http://www.businessweek.com/ap/2012-04/D9U2DIH80.htm



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